This week's important schedule overview

• Super central bank week! The Federal Reserve's rate cut path is becoming clear, and the Bank of Japan's rate hike suspense is rising again.

The Federal Reserve will announce its rate decision on the morning of August 1st Thursday Beijing time. Due to the June CPI data meeting expectations but higher than the target and the first negative on a month-on-month basis in four years, it provides support for the rate cut in the year. Analysts pointed out that the market generally expects to maintain interest rates unchanged, but may pave the way for rate cut in September. At the same time, many Federal Reserve officials recently hinted that a rate cut is imminent to balance economic growth, price stability, and a healthy labor market.

The Bank of Japan will announce the July interest rate decision on Wednesday morning, July 31. The market expects to maintain interest rates unchanged. Recently, the yen's strength has prompted speculation that the Bank of Japan may delay rate hikes, but the political arena has called for tightening policies to address high inflation and possible yen depreciation, while the market is concerned that rate hikes may impact consumer confidence. In addition, Bank of Japan policymakers have indicated that they will announce a reduction in bond purchases at next week's meeting, as well as quarterly outlooks for prices and economic growth.

• US tech stocks face a 'critical moment', Microsoft, Meta, Apple, and Amazon all report earnings. Next week, technology giants will once again stand in the limelight as Microsoft, Meta, Apple, and Amazon unveil their second-quarter earnings reports. Last week, following the market turbulence sparked by Google's earnings report, investors are particularly concerned about whether Microsoft's earnings report on Tuesday can boost market confidence with its impressive performance in the cloud computing and AI fields. Although analysts have generally raised their performance expectations for Microsoft, doubts about the return on investment in AI investments by tech stocks are increasing, and Microsoft needs to manage its spending carefully to avoid a repeat of past mistakes. In addition, Meta will also release its second-quarter earnings report on Wednesday, with the market expecting significant increases in revenue and earnings per share. Focus will be on user growth, strong demand in the advertising market, capital expenditures, and progress in AI business. At the same time, Meta faces the prospect of potentially hefty fines from the EU, and investors are eagerly awaiting an official response during the conference call. Similarly, Apple's earnings report on Thursday cannot be ignored, especially the sales of iPhone in China and progress in its AI strategy, which will directly affect its stock price trend. Although the recent strong rebound in tech stocks has boosted the market, it has also come with the risk of valuation bubbles, and this earnings season will further test investors' patience and judgment.

Next week, several tech giants, including AMD, Qualcomm, ARM, and Intel, will also reveal their performance results.$Tesla (TSLA.US)$A preview in a chart: Microsoft's heavyweight earnings report is coming! Under the concern of high capital expenditures, can it push the flag of'AI monetization'?

The global economic data feast is coming: US July non-farm payrolls, Japan June unemployment rate, Eurozone July CPI monthly rate, China July official manufacturing PMI and other important data. In the coming week, a series of heavyweight labor market and key economic data will be released. Among them, the non-farm payroll and unemployment rate data for July in the United States, to be announced on August 2nd Beijing time, may become the focus. Earlier, data for June showed an increase of 206,000 jobs, and the market expects the US labor market to add 185,000 jobs in July, with the unemployment rate remaining at 4.1% and average hourly earnings growth maintaining a similar pace to May. At present, Federal Reserve officials are shifting their focus from inflation to the labor market. Earlier, Powell said,"We need to pay attention to the situation in the labor market." Investors also need to pay attention to Japan's June unemployment rate situation, the Eurozone's initial domestic GDP annual rate for Q2, and the CPI monthly rate change for July, to evaluate the global economic situation and monetary policy trends.

In addition, the official and Caixin manufacturing PMI for China in July will be announced on Wednesday, July 31st and Thursday, August 1st Beijing time, respectively, with economic activity expected to continue its recovery. Earlier data showed China's manufacturing PMI was 49.5 in June, unchanged from the previous month, and the manufacturing business climate was basically stable.

A chart to understand the key performance calendar for the week (7.29-8.2). July 29th-Monday Keywords: US July Dallas Federal Reserve Business Activities Index On Monday, the United States will release the July Dallas Federal Reserve Business Activities Index for economic data.

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This week's key performance calendar

On Monday, the United States will release the July Dallas Federal Reserve Business Activities Index for economic data.

Keywords: US July Dallas Federal Reserve Business Activities Index

On Monday, the United States will release the July Dallas Federal Reserve Business Activities Index for economic data.

The State Council Information Office held a series of themed press conferences on "Promoting High-Quality Development", which was attended by the Director of the State Intellectual Property Office to introduce the situation and answer questions from reporters.

Regarding financial reports,mcdonald's (MCD.US) The financial report will be released before the pre-market trading in the U.S.

Regarding IPOs,$M3-Brigade Acquisition V Corp. (MBAVU.US)$Will be listed today.

Keywords: Japan's June unemployment rate, eurozone Q2 GDP annual rate initial value, US June JOLTs job vacancies, US July Conference Board Consumer Confidence Index, Microsoft, AMD financial report.

On Tuesday, Japan will release its June unemployment rate. The eurozone will release the Q2 GDP annual rate initial value. The US will release May FHFA House Price Index, June JOLTs job openings, and the July Conference Board Consumer Confidence Index.

Regarding financial events, the State Council Information Office will hold a series of theme press conferences on promoting high quality development and the deputy director of the General Administration of Customs will attend to introduce the situation and answer questions. An AI driving technology release conference will be held.

Earnings will be released before the US stock market opens.$XPeng (XPEV.US)$Earnings will be released after the US stock market closes.

Regarding financial reports,$Pfizer (PFE.US)$,$Procter & Gamble (PG.US)$Financial report will be released today;$PayPal (PYPL.US)$,$Luckin Coffee (LKNCY.US)$Financial results will be released in pre-market trading;$Microsoft (MSFT.US)$,$Advanced Micro Devices (AMD.US)$Financial results will be released in post-market trading.

Regarding IPOs,$Pershing Square USA (PSUS.US)$Will be listed today.

Regarding financial events, the State Council Information Office will hold a series of theme press conferences on promoting high-quality development, and the Vice Minister of Finance will attend to introduce the situation and answer questions. The Governor of the Bank of Japan, Haruhiko Kuroda, will hold a monetary policy press conference.

Earnings will be released after the US stock market closes.

Thursday, August 1

Keywords: China's July Caixin Manufacturing PMI, eurozone July manufacturing PMI final value, Federal Reserve announces interest rate decision, Federal Reserve Chairman Powell holds monetary policy press conference, Apple, Amazon, Intel financial report.

Regarding financial reports,$HSBC HOLDINGS (00005.HK)$,$Boeing (BA.US)$Financial report will be released today;$Meta Platforms (META.US)$,$Qualcomm (QCOM.US)$,$Arm Holdings (ARM.US)$,$Carvana (CVNA.US)$Financial results will be released in post-market trading.

Regarding financial events, the Federal Reserve will announce its interest rate decision, and Federal Reserve Chairman Powell will hold a monetary policy press conference.

Keywords: China's Caixin Manufacturing PMI for July, final Eurozone Manufacturing PMI for July, US Federal Reserve Interest Rate Decision, US Fed Chairman Powell Holds Monetary Policy Press Conference, Apple, Amazon, Intel Earnings Reports

On Thursday, in terms of economic data, China will release the Caixin Manufacturing PMI for July; the Eurozone will release the final Manufacturing PMI for July; and the United States will release a series of heavy data including initial jobless claims, ISM Manufacturing PMI for July, and US Fed Rate Decision (upper limit) until July 27.

In terms of financial events, the US Federal Reserve will publish its interest rate decision; US Fed Chairman Powell will hold a monetary policy press conference.

Regarding financial reports,$Apple (AAPL.US)$,$Amazon (AMZN.US)$,$Intel (INTC.US)$,$Coinbase (COIN.US)$,$MicroStrategy (MSTR.US)$,$Marathon Digital (MARA.US)$Financial results will be released in post-market trading.

Regarding IPOs,$Majestic Ideal (MJID.US)$Will be listed today.

Friday, August 02.

Keywords: USA July unemployment rate, USA July seasonally adjusted non-farm employment, USA June factory order rate.

On Friday, economic data will be released for USA July unemployment rate, USA July seasonally adjusted non-farm employment, USA June factory order rate.

Regarding financial reports,$Chevron (CVX.US)$Financial report will be released today;$Exxon Mobil (XOM.US)$Financial results will be released in pre-market trading;$AMC Entertainment (AMC.US)$Financial results will be released in post-market trading.

Wishing Mooers a successful week of investment!

Editor/ping